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Oct 10, 2012
10/12
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and they want smaller government and they want -- a government that is really going to help -- not help them necessarily but really be there to guide them along. so they will have -- hand out as they were telling me. these women are anomalies. 80% of african-american women voted for president obama in 2008. i don't think that's going to change very much. 1%, less than 1%, of african-americans, favor romney. so these women are anomalies but with everybody they have the right to have their own opinion. and who they are going to vote for. >> so people have an informed opinion as well. >> absolutely good get people involved in the process. we are seeing a big push in ohio for mitt romney as well as president obama. we know that no republican has ever taken the white house without taking ohio. "the new york times" article that they have out also talks about african-american voting battleground states like north carolina. which president obama won by just 14,000 votes in '08. certainly could be a key in this re-election. article also notes the presidential election got 100% of african-america
and they want smaller government and they want -- a government that is really going to help -- not help them necessarily but really be there to guide them along. so they will have -- hand out as they were telling me. these women are anomalies. 80% of african-american women voted for president obama in 2008. i don't think that's going to change very much. 1%, less than 1%, of african-americans, favor romney. so these women are anomalies but with everybody they have the right to have their own...
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Oct 2, 2012
10/12
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and hence, we miss the translation between campaigning and governance. because these candidates tend to act on what they tell you they're going to act on, or at least they tend to try. >> what are you going to be looking for in these debates? >> what i'm going to be looking for are clarifications of major, on major issues. and so i'm going to ask, "does the public after watching the debates understand the differences in philosophy of government? do they understand that governor romney wants government spending at a lower level of g.d.p. than does president obama?" >> gross domestic product. >> gross domestic product. governor romney wants to bring government spending per g.d.p. to g.d.p. down to 20%. and he has a theory that says that if you do that and you do the other things that he's going to do with the tax code that he is going to get economic growth. and so the second thing i'm listening for is, "what is their solution to the situation we're in right now with the economy? how are they going to solve the deficit problem and also increase job creatio
and hence, we miss the translation between campaigning and governance. because these candidates tend to act on what they tell you they're going to act on, or at least they tend to try. >> what are you going to be looking for in these debates? >> what i'm going to be looking for are clarifications of major, on major issues. and so i'm going to ask, "does the public after watching the debates understand the differences in philosophy of government? do they understand that governor...
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Oct 3, 2012
10/12
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there was a strange government that collapsed in a pool of blood. and now we see the aftermath. and the aftermath always is protracted. we have the same problem on a much different and a bigger scale in egypt. we are developing such a problem, we're being confronted by such a problem increasingly in syria. tell me who is the opposition in syria? we are all concerned about the problem, the loss of life, the killings. we know who assad is. the united states says he should go. who's the opposition? you tell me. >> which is the same question we were asking in libya before gadhafi fell. >> so we're dealing here with a messy region which is increasingly slipping into increased instability, a region in which american domination is rapidly, rapidly coming to an end. we have to face that fact. and a region which on top of it is faced with a potential war. we have a prime minister of a country that has 200 nuclear weapons decides to attack preemptively iran, which may be building nuclear weapons. and then we become engaged, and then, of course, the world economy goes pot. and then forget
there was a strange government that collapsed in a pool of blood. and now we see the aftermath. and the aftermath always is protracted. we have the same problem on a much different and a bigger scale in egypt. we are developing such a problem, we're being confronted by such a problem increasingly in syria. tell me who is the opposition in syria? we are all concerned about the problem, the loss of life, the killings. we know who assad is. the united states says he should go. who's the...
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Oct 4, 2012
10/12
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but the fact is, the role of government and governing -- we've lost a pod, in other words. we only have three minutes left in the debate before we go to your closing statements. i want to ask finally here, and remember, we've got three minutes total time here -- the question is this. many of the legislative functions of the federal government right now are in a state of paralysis as a result of partisan gridlock. if elected -- reelected, in your case -- would you do about that? governor? >> jim, i had a great experience -- it didn't it seem like it at the time -- of being elected in a state where my legislature was 87 percent democrat. that meant i figured out from the one i had to get along and i had a work request the aisle -- >> what would you do as president? >> as president, i will sit down on day one -- actually, the day after i get elected -- i will sit down with democratic leaders as well as republican leaders and continue -- as we did in my state -- we met every monday for a couple of hours. we have to work on a collaborative basis, not because we're going to compr
but the fact is, the role of government and governing -- we've lost a pod, in other words. we only have three minutes left in the debate before we go to your closing statements. i want to ask finally here, and remember, we've got three minutes total time here -- the question is this. many of the legislative functions of the federal government right now are in a state of paralysis as a result of partisan gridlock. if elected -- reelected, in your case -- would you do about that? governor?...
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Oct 7, 2012
10/12
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you do not need the government -- government to mandate that. the key task we have in health care is to get the cost down so it is more affordable for families. he has a model for doing that, an unelected board who will decide what kind of treatment you ought to have a. in my opinion, the government is not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprise is try to find a way to do things together are more effective at bringing down the cost that the government ever will be. your example of the cleveland clinic is exactly my point. this is the private market. these are enterprises competing with each other and learning how to do better jobs. i used to consult to hospitals and health-care providers. i was astonished at the creativity and innovation that exists in the american people. in order to bring the cost of health care down, we do not need a board of the 15 people telling us what kind of treatments we should have. we should have insurance plans, hospitals, doctors on targets so that
you do not need the government -- government to mandate that. the key task we have in health care is to get the cost down so it is more affordable for families. he has a model for doing that, an unelected board who will decide what kind of treatment you ought to have a. in my opinion, the government is not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprise is try to find a way to do things together are more effective at bringing down the...
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Oct 4, 2012
10/12
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you do not need the government -- government to mandate that. the key task we have in health care is to get the cost down so it is more affordable for families. he has a model for doing that, an unelected board who will decide what kind of treatment you ought to have a. in my opinion, the government is not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprise is try to find a way to do things together are more effective at bringing down the cost that the government ever will be. your example of the cleveland clinic is exactly my point. this is the private market. these are enterprises competing with each other and learning how to do better jobs. i used to consult to hospitals and health-care providers. i was astonished at the creativity and innovation that exists in the american people. in order to bring the cost of health care down, we do not need a board of the 15 people telling us what kind of treatments we should have. we should have insurance plans, hospitals, doctors on targets so that
you do not need the government -- government to mandate that. the key task we have in health care is to get the cost down so it is more affordable for families. he has a model for doing that, an unelected board who will decide what kind of treatment you ought to have a. in my opinion, the government is not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprise is try to find a way to do things together are more effective at bringing down the...
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Oct 8, 2012
10/12
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CSPAN2
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we could do that to the government, if you will. i think there's a certain amount of risk you are willing to take and you take off the workers and push it on to the equity investors, they will simply dial down the risk-taking to compensate -- you will have a general contraction or slowing of the growth rate of the economy. it's kind of a zero-sum game in that sense. >> host: although i do think most people's perspective in this country is that the risk currently faced by middle-class people who might have their labor redeployed is much greater than the risk actually being felt, faced by high earned income and vested. it's hard to disagree with it. >> guest: i think of making a moral point as opposed to an economic point. unfortunately, i don't think that risk drives up the growth rate of the economy and create jobs. >> host: actually in a way to because to some extent that risk is labor redeployment and you think that risk is sort of beholden on people that might lose their jobs can use it as an economic thousand. >> guest: but i do
we could do that to the government, if you will. i think there's a certain amount of risk you are willing to take and you take off the workers and push it on to the equity investors, they will simply dial down the risk-taking to compensate -- you will have a general contraction or slowing of the growth rate of the economy. it's kind of a zero-sum game in that sense. >> host: although i do think most people's perspective in this country is that the risk currently faced by middle-class...
WHUT (Howard University Television)
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Oct 4, 2012
10/12
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that requires the government- issued i.d. to cast a ballot. that prevents ex-felons from voting after they served their time. purging the voter rolls. these are all laws that have been passed by republicans and republican states. that is why the article was titled the gop war on voting. tavis: why are the republicans pushing this issue? what is the take away for them? >> if you ask republicans why they are pushing the issue, they will give you a two word response. voter fraud. if you ask me, it is because they looked at the 2008 election and they saw a massive turnout from young voters, hispanics, and african- americans, termed coalition of the ascendant. they said, this cannot happen again. the demographics are changing that if this coalition of the ascendant turns out in the same numbers in 2012 and going forward, it will result in democrats and progressives winning election after election. they said, we need to do something to change the election rules to first -- forestall of these changes and shape an electorate that is whiter, older, wea
that requires the government- issued i.d. to cast a ballot. that prevents ex-felons from voting after they served their time. purging the voter rolls. these are all laws that have been passed by republicans and republican states. that is why the article was titled the gop war on voting. tavis: why are the republicans pushing this issue? what is the take away for them? >> if you ask republicans why they are pushing the issue, they will give you a two word response. voter fraud. if you ask...
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Oct 4, 2012
10/12
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tomorrow morning, we get the government's jobs report for september. we are expected 130,000 created and added. this is the number you are looking at. we found out 162,000 private jobs were added, stronger than expected. it is a good sign leading into tomorrow. keep in mind anything under 200,000 is not enough to make a dent in the unemployment picture. also in recent months two reports were consistent with each other and moved in the right direction. >> a lot of economist said we need 200,000 to 300,000 jobs a month to get back where we were before. unemployment dropped ins and that is usually a good sign. >> we told you the national unemployment fell because people dropped out of the work force entirely. here is the local picture. unemployment fell in 90 percent of large cities in the country in the month of august. that's the most in four months. it is dropping because of folks are dropping out of actively looking for work. >> what about the new economic poll. >> in the debate. most people agree mitt romney has the economic edge. 49 percet said romn
tomorrow morning, we get the government's jobs report for september. we are expected 130,000 created and added. this is the number you are looking at. we found out 162,000 private jobs were added, stronger than expected. it is a good sign leading into tomorrow. keep in mind anything under 200,000 is not enough to make a dent in the unemployment picture. also in recent months two reports were consistent with each other and moved in the right direction. >> a lot of economist said we need...
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government be able to function. neil: we will go longer for you, i want to hear what you say, if we don't act immediately, you say you can't keep pulling this stunt, this time there would be hell to pay? >> i think, gdp growth would continue to be sluggish, if not tip over to another recession, because as has been pointed out in previous versions of this, there are trillions of dollars waiting on the sidelines for some sense of certainty to come into the economy and investment. and if the federal government -- >> if they get their act together and respond. >> we're pressed for time, do you think then that there would be a collapse or just cuts off the growth of spending in military and others over 10 years no less, are they that draconian there would be that kind of hell to pay. >> it is say change to our habit bus not draconian, we make modest changes now, the changes would be more dramatic. neil: but they iy sequestrations that everyone calls doomsday are they doomsday? >> if all at once, it is sudden, and in a fr
government be able to function. neil: we will go longer for you, i want to hear what you say, if we don't act immediately, you say you can't keep pulling this stunt, this time there would be hell to pay? >> i think, gdp growth would continue to be sluggish, if not tip over to another recession, because as has been pointed out in previous versions of this, there are trillions of dollars waiting on the sidelines for some sense of certainty to come into the economy and investment. and if the...
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he is not governed everything is about to the reelection. he advocated to run for president. had he done common-sense things but he chose partisanship. >> i called my sister half my family voted obama and the other half mccain. i say he will be president one day. if he says it is the black america or white america it is about color. it is about getting out the vote talk about jim crow and voter fraud my grandparents lived through that. >> that is true. >> there is no reaction. no way we can respond every other aspect of our society to be the multi-cultural vulcanize nation to buy your way to public policy. >> started by the interest groups that control congress. lou: do not absolving the individual the talk about. >> is about every individual taking responsibility. the president made promises. lou: a 2004 is one of the most inspirational speeches. >> but he ignored his own plea at a historic the black college in front of those black ministers then they went back and said we have to vote him in. >> it is fair to hold people to their own promises. he broke that promise. >> is t
he is not governed everything is about to the reelection. he advocated to run for president. had he done common-sense things but he chose partisanship. >> i called my sister half my family voted obama and the other half mccain. i say he will be president one day. if he says it is the black america or white america it is about color. it is about getting out the vote talk about jim crow and voter fraud my grandparents lived through that. >> that is true. >> there is no reaction....
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Oct 4, 2012
10/12
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this segment, as i announced in advance, will be threeeon the care, the role of government, and governing. with an emphasis throughout on the differences, specifics, and choices. both candidates will have post statements. the audience in hall has promised to remain quiet. so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [cheees and applause] >> dimon, welcome to you both. -- gentlemen, welcome to you both. let's begin with jobs. what are the major differences between the two of you about how you would go about creating jobs? each of you have two minutes to start big the coin toss has determined that the president will go first. >> thank you very much, jim, for this opportunity. i want to thank you for your hospitality. there are a lot of. i want to make tonight, but the most important one is that 20 years ago, i became the luckiest man on earth, because michelle obama agreed to marry me. i just want to wish you a happy anniversary and let you know that a year from now, we will not
this segment, as i announced in advance, will be threeeon the care, the role of government, and governing. with an emphasis throughout on the differences, specifics, and choices. both candidates will have post statements. the audience in hall has promised to remain quiet. so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [cheees and applause] >> dimon, welcome to you both. --...
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Oct 4, 2012
10/12
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because government isn't a business. you can always find efficiencies and you should always be looking for efficiencies. but i haven't seen a good example yet of a business person, to government and make it run like a business. there's a lot of talk about that, but we forget the cultures are very different and the presumed outcomes are different as well. i think we are missing here an opportunity for both candidates to be leading -- using these very important weeks ahead to lead a national discussion on priorities. you know, to frame the real priorities for the country come which seems to get lost in the garble or the cacophony of the message today. but it's probably not unusual because you look at elections past, whether it was president obama talking about renegotiating nafta during his campaign or listen to be or bill clinton, the butchers of beijing, he ends up forging a pretty strong relationship with china. so i think you have to discount a lot of the rhetoric and a lot of what you hear about priorities at this poi
because government isn't a business. you can always find efficiencies and you should always be looking for efficiencies. but i haven't seen a good example yet of a business person, to government and make it run like a business. there's a lot of talk about that, but we forget the cultures are very different and the presumed outcomes are different as well. i think we are missing here an opportunity for both candidates to be leading -- using these very important weeks ahead to lead a national...
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, and governing. with an emphasis through out on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers, applause, boos, hisses, among other noisy, distracting things, so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama. and governor romney. [ applause ] >> jim. >> gentlemen, welcome to you both. let's start with the economy. segment one, and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? have you two minutes. each of you have two minutes to start. a coin toss determined, mr. president, you go first. >> thank you very much, jim, for this opportunity. i want to thank governor romney and the university of denver for your hospitality, a lot of points i want to make tonight, but the most important one is that 20 years ago, became t
, and governing. with an emphasis through out on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers, applause, boos, hisses, among other noisy, distracting things, so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama. and governor romney. [ applause ] >> jim. >> gentlemen, welcome...
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Oct 6, 2012
10/12
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KQED
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government is the largest buyer. the as a result of that one provision distorts our economy, is that it was estimated that american taxpayers pay something like a half a trillion dollars over ten years to the drug companies. those are rents. in other words, unnecessary payments that go from one party to another. >> rose: you have argued in this book, you argue, you just said it, you argue that the 1% as it gains political power, it uses it to protect itself from the market and from competitive factors. >> that's right. and you can see it in all sorts of ways. >> and to seeketter tax policy thatncrease as well. >> tax policies, for instance, an example is speculators are taxed at half the rate of those who work for a living. and to me the sounds and is unfair but also distorts our economy. because it means we encourage more resources, human and financial resources to go into speculation rather than to wealth creation. >> rose: so what does this do to our, you talk about the moral issues and to the moral fabric. >> wel
government is the largest buyer. the as a result of that one provision distorts our economy, is that it was estimated that american taxpayers pay something like a half a trillion dollars over ten years to the drug companies. those are rents. in other words, unnecessary payments that go from one party to another. >> rose: you have argued in this book, you argue, you just said it, you argue that the 1% as it gains political power, it uses it to protect itself from the market and from...
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if you call it a public option the american people are split if you call it the government option the public is overwhelmingly against it you know what it's a great point and i'm from now on all couldn't call of the government because. fox so called news took the bait and executive bill sammon sent out an e-mail to his team of talking heads saying friendly reminder let's not slip back into calling it the public option please use the term government run health insurance or when brevity is a concern government option whenever possible like sheep the talking heads over at fox so-called use obeyed frank a lot some self is quite a wordsmith back in two thousand and six luntz wrote a memo for republicans identifying certain words they should never say and instead offering replacement words as long as writes in his memo sometimes it is not what you say that matters but what you don't say from today forward you are the language police from today forward these are the words never to say again and here they are this is the republican game plan actually where they are never say government instea
if you call it a public option the american people are split if you call it the government option the public is overwhelmingly against it you know what it's a great point and i'm from now on all couldn't call of the government because. fox so called news took the bait and executive bill sammon sent out an e-mail to his team of talking heads saying friendly reminder let's not slip back into calling it the public option please use the term government run health insurance or when brevity is a...
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Oct 4, 2012
10/12
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CURRENT
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eye 154
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the segments will be three on the economy and one each on health care the role of government, and governing. with an emphasis throughout on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers applause boos hiss among other noisy distracting things, so we may all concentrate on what the candidates have to say. there is a noise exception right now, though as we welcome president obama and governor romney. [ cheers and applause ] >> jim. >> gentlemen, welcome to you both. let's start the economy segment 1, and let's begin with jobs. what are the major differences between the two of you about creating new jobs? you have two minutes -- each of you have two minutes to start. a coin toss has been determined mr. president you go first. >> obama: thank you very much for this opportunity. i want to thank governor romney and the university of colorado for your hospitality. 20 years ago i became the luckiest man on earth because michelle obama agreed to a marry me. so i just want to wis
the segments will be three on the economy and one each on health care the role of government, and governing. with an emphasis throughout on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers applause boos hiss among other noisy distracting things, so we may all concentrate on what the candidates have to say. there is a noise exception right now, though as we welcome president...
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Oct 3, 2012
10/12
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CSPAN2
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eye 104
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we built the peace because labour government and conservative government under said we needed to be one nation. every 10 britain puts its greatest challenge, we've only come to the fore because we were one nation. but too often, governments have to go over that lesson. with 1 million people out of one, we just can't succeed as a country. but the gap between rich and poor growing wider and wider, we just can't succeed as a country. with millions of people feeling the hard work and effort are not reported, we just can't succeed as a country. and with so many people having been told for so long that the only way to get on this to be on your own come in yourself. we just can't succeed as a country. yes, friends. [applause] yes, friends. [applause] come through the form to overcome the challenges that we face. we must rediscover that spirit. that spirit of british people never forgot. that spirit of one nation. one nation, a country where everyone plays their part. a country we rebuild together. [applause] so, here's the big question of today. who can make up one nation? who can bring great
we built the peace because labour government and conservative government under said we needed to be one nation. every 10 britain puts its greatest challenge, we've only come to the fore because we were one nation. but too often, governments have to go over that lesson. with 1 million people out of one, we just can't succeed as a country. but the gap between rich and poor growing wider and wider, we just can't succeed as a country. with millions of people feeling the hard work and effort are not...
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Oct 4, 2012
10/12
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economy on government. >> okay. >> we're now spending the 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> yeah, but, mr. president, you're saying in order to get it -- get the job done, it's got to be balanced? >> if we're serious, we've got to take a balanced, responsible approach. and by the way, this is not just when it comes to individual taxes. let's talk about corporate taxes. now, i've identified areas where we can, right away, make a change that i believe would actually help the economy. the oil industry gets $4 billion a year in corporate welfare. basically, they get deductions that those small businesses that governor romney refers to, they don't get. now, does anybody think that exxonmobil needs some extra money, when they're making money every time you go to the pump? why wouldn't we want to eliminate that? why wouldn't we eliminate tax breaks for co
economy on government. >> okay. >> we're now spending the 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> yeah, but, mr. president, you're saying in order to get it -- get the job done, it's got to be balanced? >> if we're serious, we've got to take a balanced, responsible approach. and by the way, this is not just when it...
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Oct 7, 2012
10/12
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federal government officials have confirm ited that the u.s. mission in libya had made repeated requests for increased security but it was denied. if you find that to be the case and you also were able to determine at least from his own diary that the ambassador was in fear what are the sanctions, what are the consequences, what can you do? >> well, that first we have to start with the facts to determine that when you get sanctions my sense is it is accountability should be for anybody within the organization who turned a blind eye to the requests. our principal is to make sure to understand and make sure that communications are working effectively and they are appropriately protected in other locations as well. >> judge jeanine: you know, congress mappman you can even k at fast and furious. took forever to resolve itself and immigrations made by darrell issa turned out to be pretty accurate. there were few if any consequences. my question is this -- will there be a review or are a assessment of ambassador rice's comments about this being a fak
federal government officials have confirm ited that the u.s. mission in libya had made repeated requests for increased security but it was denied. if you find that to be the case and you also were able to determine at least from his own diary that the ambassador was in fear what are the sanctions, what are the consequences, what can you do? >> well, that first we have to start with the facts to determine that when you get sanctions my sense is it is accountability should be for anybody...
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Oct 4, 2012
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whether it's green energy, more government, more government. you know what is interesting? governor romney gave his answer on obama care. and he went through one, two, three, four five specific points why it doesn't work. health care $2500 you're going to have a panel of unelected people by the way is in the health care law. and some 4,000 times that day will be the final arbitors. i thought that was really, the president couldn't answer the $716 billion or rising cost of families and business. >> i thought that is probably the worst point in the debate. i thought his answer started to become wandering and confused. >> yes. >> i couldn't follow it. i couldn't follow his defense of himself that. is the point i almost felt sorry for him and said this is over. give him a teleprompter. >> sean: it was these anecdote that's didn't fit the question, the moment. and he got lost when speaking and couldn't follow him. it was not relevant. >> and this is a man with an easy ride for four years. and there are very view press conferences. and nobody challenges this. >> i zrnt a press co
whether it's green energy, more government, more government. you know what is interesting? governor romney gave his answer on obama care. and he went through one, two, three, four five specific points why it doesn't work. health care $2500 you're going to have a panel of unelected people by the way is in the health care law. and some 4,000 times that day will be the final arbitors. i thought that was really, the president couldn't answer the $716 billion or rising cost of families and business....
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Oct 6, 2012
10/12
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it is jobs, the federal debt and cutting government spending. people feel there's a good amount of waste and they think of having a smaller government to avoid that kind of waste. there are concerns of a future terror attack, health care, when we look specifically at how people manage if the recession, and three in 10 looking for work. since the time of the recession. those who don't think -- people have gaps on health insurance and the housing debacle, and mortgages are underwater. that is a sense of an overview of research we have done. and polarization doesn't -- in another sense doesn't need to describe our body politics. thank you very much and if you have other questions we would be delighted to answer them. [applause] >> i don't know if this is done or not. you brought a lot of problems issues. there are a lot of issues being tracked and you have everything from conservative to liberal and republicans and race divisions and religious affiliation north and south and all these things. based on the values based issues principally have you do
it is jobs, the federal debt and cutting government spending. people feel there's a good amount of waste and they think of having a smaller government to avoid that kind of waste. there are concerns of a future terror attack, health care, when we look specifically at how people manage if the recession, and three in 10 looking for work. since the time of the recession. those who don't think -- people have gaps on health insurance and the housing debacle, and mortgages are underwater. that is a...
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Oct 3, 2012
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made the case the federal government should have made many years back, the federal government was queasy, unwilling to do it. eric deserves credit for the fortitude of trying to say to the public we will hold them accountable individually and institutionally for the wrong that did enormous harm to our society. >> on another show, the case was made that perhaps it was a little unfair to j.p. morgan because they did not necessarily want to buy bear stearns so now here they are in this position after having done the economy a favor and now are being sued and had the company gone under we wouldn't have even had a company, a bank to go after in this lawsuit. what do you think about that? >> newt frivolous argument. if it were frivolous howard wouldn't have made it. there is logic to it. morgan chase can say come on, we got whip sawed. we did get into this acquisition at the behest of the fed. on the other hand, they were given norm mouse taxpayer support for it and now have to face the issue. even though morgan chase was so far the only major entity sued, the others in the process will have t
made the case the federal government should have made many years back, the federal government was queasy, unwilling to do it. eric deserves credit for the fortitude of trying to say to the public we will hold them accountable individually and institutionally for the wrong that did enormous harm to our society. >> on another show, the case was made that perhaps it was a little unfair to j.p. morgan because they did not necessarily want to buy bear stearns so now here they are in this...